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Stock Charts AI Power Rank: 5.5
Power Rank trend -> Rising
07/26/2024 16:08:00 EST
Zoom Video Communications Inc (ZM)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ZM has been trading in a range between $59.42 and $56.00 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ZM is trading between resistance at $61.32 about 2% to the upside and support at $56.00 -7% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $63.69, about a 6% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Zoom Video Communications Inc $ZM entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $77.11, a potential upside of 28.32% from the recent price of 60.09. The stock is trading 26.31% (potential upside) below its 52 week high of $75.90 and 8.02 % (potential downside) above its 52 week low of $55.63 - based on the recent price.
Company Summary
Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.
News
| Zoom Video Communications (ZM) Rises But Trails Market: What Investors Should Know In the most recent trading session, Zoom Video Communications (ZM) closed at $60.09, indicating a +0.81% shift from the previous trading day. Source: Zacks Investment Research Fri, 26 Jul 2024 18:52:30 -0400 Sentiment: Neutral |
| Imperative Care Announces Clinical Data from the Pivotal Imperative Trial Evaluating the Zoom Reperfusion System for the Treatment of Ischemic Stroke CAMPBELL, Calif.--(BUSINESS WIRE)--Imperative Care, Inc. announces late-breaking data from the Imperative Trial at the SNIS 2024 21st Annual Meeting in Colorado Springs. Source: Business Wire Wed, 24 Jul 2024 13:30:00 -0400 Sentiment: Neutral |
| Zoom Video Communications, Inc. (ZM) Is a Trending Stock: Facts to Know Before Betting on It Zacks.com users have recently been watching Zoom Video (ZM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. Source: Zacks Investment Research Wed, 24 Jul 2024 10:03:16 -0400 Sentiment: Positive |
| 2 Reasons to Buy Zoom Video Communications Stock (and 1 Big Reason to Sell) Weak growth has kept shares of Zoom Video under pressure. The company is investing in new artificial intelligence tools as part of a broader workplace productivity platform. Source: The Motley Fool Wed, 24 Jul 2024 05:35:00 -0400 Sentiment: Negative |
| Warning! 3 Stocks to Sell Before Losses Compound. The stock market has featured many winners in 2024 that have rewarded patient investors. The S&P 500 is up by 16% year-to-date while the Nasdaq Composite has gained 19% year-to-date. Source: InvestorPlace Mon, 22 Jul 2024 13:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 75.9 52 Week Low: 55.63 Beta: -0.057 50 Day MA: 60.0461 200 Day MA: 64.0853 Earnings / Revenue Trends Qtr Earnings Growth YOY: 12.507 Qtr Revenue Growth YOY: 0.032 Forward PE: 12.3457 Trailing PE: 21.9963